alcuin:


Her principal, the President is aware. She's claiming to be aware is surprising, really.

To be quite correct, she said they were not consulted. The CBN has no legal basis to consult the Finance Ministry on this.

Ecos:

Shut up your dirty mouth clueless zombie. I wonder the kind of senseless person you will be in real life. I know for sure that people around you will be avoiding you for your wickedness. You are such a pathetic and a sadist that derive joy in seeing people suffering. May God have mercy on your wretched soul

Naijanascam:
Everybody is claiming to be the Boss.......


Chaii

Fkmodhi:
Everybody in this government just deh do as they like.

Moh247:


CBN sorted Presidential approval and Buhari duly approved it

Security aspect of the sudden issuance of naira note would be defeated if everyone knows about it in the cabinet

Finance Minister is from Kaduna, part of the reason to introduce the note is to counter insurgency

.

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy


.

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy


.

Ecos:

Shut up your dirty mouth clueless zombie. I wonder the kind of senseless person you will be in real life. I know for sure that people around you will be avoiding you for your wickedness. You are such a pathetic and a sadist that derive joy in seeing people suffering. May God have mercy on your wretched soul

Adebishow:


Yes they have different roles and in fact, CBN is independent organization.

However, they are expected to work together and collaborate normally on policies to avoid counterproductive results.

On the change of naira some notes, Finance ministry should actually be briefed and prepared because the effect will be on both monetary and fiscal policies.

Adebishow:


Yes they have different roles and in fact, CBN is independent organization.

However, they are expected to work together and collaborate normally on policies to avoid counterproductive results.

On the change of naira some notes, Finance ministry should actually be briefed and prepared.

Thinkam:
Everybody just dey do their own, criminal and irresponsible administration


Atiku is coming

Moh247:


Since CBN briefed The President directly and he worked directly with the presidency. Finance Minister is just a delegate of the President, then Buhari should had sent a memo to Finance Minister notifying her of his plans or start it at the Federal Executive Meeting

baralatie:

No
It is the cbn that will copy the finance ministry of the change/redesign of a national currency and not the office of the president
It will be condescending of the office of the president to now copy the minister of finance

Naijanascam:
Everybody is claiming to be the Boss.......


Chaii

Moh247:


Since CBN briefed The President directly and he worked directly with the presidency. Finance Minister is just a delegate of the President, then Buhari should had sent a memo to Finance Minister notifying her of his plans or state it at the Federal Executive Meeting

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy


.

Moh247:


Yeah perhaps if the change of currency wasn't related to insecurity , the proper way was to discuss it at the Monetary policy Committee meeting or CBN forward a memo to Finance Minister

This doesn't negate the fact that if Independent CBN decided to work directly with the President neglecting Finance Minister they have not breached any law

Adebishow:


Your view is correct on paper however, in reality, CBN and Finance Ministry should have worked closely on the product paper for the notes and the planning stage.

Honestly, it would be very counterproductive if CBN actually planned and implemented this change of some naira notes without collaboration of the finance ministry.

Ecos:

Shut up and face your front zombie

Moh247:


Sure.....

but I guess Buhari wanted it to be kept hush hush as a surprise to the politicians and to tackle insecurity

He had appointed his son in law to oversee the national minting company for this reason

CBN and Finance Minister and other stake holders hold periodic Monetary policy Committee meeting but somehow CBN never mentioned it

Buhari holds weekly Fed executive meeting yet never mentioned it

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy
well this is not from me o,I copied it from somewhere

.

Moh247:


Sure.....

but I guess Buhari wanted it to be kept hush hush as a surprise to the politicians and to tackle insecurity

He had appointed his son in law to oversee the national minting company for this reason

CBN and Finance Minister and other stake holders hold periodic Monetary policy Committee meeting but somehow CBN never mentioned it

Buhari holds weekly Fed executive meeting yet never mentioned it
again this is not from me o,I copied it from somewhere and from reliable sources

alcuin:


Her principal, the President is aware. She's claiming not to be aware is surprising, really.

To be quite correct, she said they were not consulted. The CBN has no legal basis to consult the Finance Ministry on this.